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ORAD Hi Tec Systems GmbH Takustraße 1-3 50825 Köln, Germany http://www.orad.tv
Contact Ehud Ben-Yair +972 9-767-6862
Company logo of ORAD Hi Tec Systems GmbH
ORAD Hi Tec Systems GmbH

Global TV and Orad signed a US$2.5 million LOI for a sale of virtual studios solution. First order of US$1 million has already been deployed

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Orad Hi-Tec Systems Limited (Symbol: OHT) announces that Canadian Global TV has signed a Letter Of Intent ("LOI") for the purchase of multiple ProSet virtual studio systems ("ProSet") which will be deployed across Global TV's 14 production facilities during 2008. Orad received the first order with a value of US$1 million and expects to generate aggregate revenue of US2.5 million.

Global TV, a wholly owned subsidiary of CanWest Global Communication ("CanWest"), Canada’s largest communication company, selected Orad’s ProSet virtual studio to centralize the network's production facilities, seamlessly integrate to Global TV's existing workflow and assist in achieving the cost saving vjii rxni mch ppwgfbsjn wl HnrQike d zrv uiqdjd ixp.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.